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Apple Inc. Message Board

  • jonnyappleseednyc jonnyappleseednyc Jul 21, 2011 9:01 AM Flag

    Apple's Cash Hoard Exceeds GDP of 126 Countries


    Apple has more than US$76.2 billion in cash as of the June quarter, and The Wall Street Journal reported on Wednesday that this was more than the gross domestic product (GDP) of 128 countries, according to data from the World Bank that we verified.

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    • We need some politician in Congress to investigate this. They are making way too much money and hoarding it. This money should be taken and given to poor people. They are just like big oil companies and big pharma companies. We can't let this continue!

    • AAPL single handedly keeping inflation down by hoarding dollars! Look out if they ever spend it!

    • From

      “Apple shipped the iPhone, its first iOS device, in June of 2007. By September of that year, it had sold one million,” John Paczkowski reports for ALlThingsD.

      “Reporting third-quarter results in July of 2010, Apple offered its first report on cumulative iOS device sales, noting that they’d surpassed 100 million,” Paczkowski reports. “A few months later, sales had risen 20 percent to 120 million. They hit 160 million in January 2011. And according to Apple’s lawsuit against Samsung, they’d reached 187 million by March. In June of this year they’d passed 200 million, giving Apple a nice, big, round number to trot out during its annual WWDC conference in June.”

      Paczkowski reports, “To date, Apple has shipped 222 million iOS devices, according to COO Tim Cook, who revealed the figure during Apple’s Tuesday earnings call. It’s hard not to look at that number without thinking in superlatives. For a new platform — established by a company that’s been in the mobile space less than five years — that is absolutely tremendous growth. And it’s a testament not just to Apple’s dominance in the space, but the significant opportunities ahead of it.”


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